Net Transcripts, a VIQ Solutions Company, Partners with Karpel Solutions
VIQ announces its partnership with Karpel Solutions, a leading criminal case management solutions provider. There are more than 200 million recordings with over three billion pages of transcripts in the U.S. law enforcement industry alone. Net Transcripts, a division of VIQ’s law enforcement branch, will integrate into Karpel’s case management system and will create a seamless workflow allowing customers to securely request and retrieve legal documentation. This partnership, a first of its kind, will transform the Criminal Case Management industry.
VIQ Announces Warrant Amendments
Today, VIQ announced that the Company is proposing to amend the exercise price of (i) 28,482,490 warrants (the “December 2018 Warrants”) exercisable for common shares of the Company (“Common Shares”) issued in conjunction with a private placement of notes convertible into Common Shares that was completed in two tranches on November 28, 2018 and December 20, 2018; and (ii) 21,123,567 warrants (the “May 2019 Warrants” and together with the December 2018 Warrants, the “Warrants”) exercisable for Common Shares issued in conjunction with a private placement of notes convertible into Common Shares that was completed on May 7, 2019.
VIQ Solutions CEO presents at New York’s Fall Investor Summit September 16th
VIQ Solutions Reports Q2 Record Revenue and EBITDA
Today, VIQ reported financial results for the 2019 second quarter. “VIQ’s results are beginning to prove our strategy,” said Sebastien Paré, VIQ President and CEO. “We believe that as we integrate acquisitions and transition our client base toward AI Solutions, the result will be significant value creation for shareholders.” VIQ periodically provides information for investors on its investors relations website, viqsolutions.com/investors.
VIQ Solutions Appoints Tony Incardona, SVP of Global Sales and Business Development, to Build on Expansive Q2 Growth
Tony Incardona joins VIQ’s leadership team as the new SVP of Global Sales and Business Development. Prior to this appointment, Mr. Incardona served as Vice President, Mid-Market U.S. & Field Sales Engineering at Nuance Healthcare, a global healthcare industry leader providing clinical documentation technologies and services to over 1,200 U.S. hospitals. “Mr. Incardona’s track record and experience… will only help to accelerate growth within our key verticals,” said Susan Sumner, VIQ’s COO. Mr. Incardona joins VIQ on August 15, working remotely from Sarasota, FL. He will report to VIQ’s COO, Susan Sumner.
VIQ Solutions Expands Global Leadership in Law Enforcement Transcription, Signs Contract with Police Forces in Australia and United States
On July 1, Spark & Cannon, a VIQ Solutions Company, began providing transcription services for the Western Australia Police Force, Australia’s largest, single police jurisdiction. Generating more than 4,563 transcript requests yearly, Spark & Cannon is now the largest provider of law enforcement transcription services in Australia, leveraging VIQ’s NetScribe distribution technology. In the United States, Net Transcripts, a VIQ Solutions company, continues to increase market share, adding 13 new clients and 3 contact renewals in June.
Net Transcripts, a VIQ Solutions Company, Lands 83 New Law Enforcement Clients
Net Transcripts, the law enforcement transcription services branch of VIQ Solutions, has generated 83 new, strategically-located clients since the company was acquired in November, 2018. New and renewing contracts from major agencies across the United States will yield an annual $500K (USD) in recurring revenue and cover 14,300 sworn law enforcement officers who serve 15.1 million residents. This success strengthens Net Transcripts’ regional market dominance, market presence and secures valuable references for new sales opportunities.
VIQ Solutions Announces Record Q1 Earnings with 112 Percent Year-over-Year Revenue Growth
Today, VIQ Solutions reported financial results for the 2019 first quarter and the close of an oversubscribed capital financing round. According to CEO and President Sebastien Paré, these results set a new turning point after last year’s acquisitions, which required $6.5 million in capital funding. “By March 31, the year end foundation began to reveal its accretive value, both operationally and financially, with much more to come throughout 2019 as the AI platform integration accelerates.”
VIQ Solutions Inc. Set for Strong 2019 Growth Building on 2018 Results
Fiscal 2018 was a transformative year for VIQ as the company established a solid foundation for continued growth, margin expansion and return to sustainable cash profitability throughout 2019. While the actual and pro forma 2018 financial results include several one-time items, including transition purchase accounting adjustments, transaction closing costs, and impacts of the US government shutdown in the fourth quarter, VIQ’s operating performance during the first quarter of 2019 is tracking ahead of plan with an approximate revenue and gross margin of $6.3M and $2.8M respectively compared to $3.0M and $1.2M of revenue and gross margin in Q1 2018.